$LUNC Reason for Pump and Its Next Move
LUNC has shown a strong pump recently and the biggest reason behind this move is increased community activity, strong buying pressure and a noticeable rise in burning. Whenever $LUNC burn rate goes up the circulating supply slowly decreases which naturally pushes the price upward. This time along with burning the trading volume also jumped which clearly shows that both whales and retail traders became active at the same time.
Another major reason is the continuous improvement happening in the $LUNC ecosystem. Validators are becoming more coordinated and upgrades are restoring confidence in the chain. When trust in the network increases investors start paying attention again which helps the price build momentum. Many analysts also point out that the overall positive sentiment in the crypto market is giving LUNC extra support especially while Bitcoin remains stable.
Now about the next move. If LUNC holds its current support zone there is a strong chance for another upward wave in the short term. With consistent volume LUNC can easily retest a new local high. However if the volume drops the price may enter a small consolidation phase before choosing its direction.
Risk management is important but for long term holders this phase looks healthy because development inside the ecosystem is active and the community remains highly committed. Patience proper entries and taking profits smartly is the key to achieving good results with LUNC
